Director of Finance

PARKROYAL A'Famosa Melaka Resort; Alor Gajah; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading hospitality company in Malacca is seeking a Finance Director to oversee financial management, reporting, and compliance. The ideal candidate has strong leadership skills and a comprehensive understanding of finance procedures. Responsibilities include managing budgets, coordinating with shared services, and ensuring compliance with financial standards. This position offers a competitive salary and the opportunity to lead a dynamic finance team.

Qualifications

• At least 5 years of experience in financial management.
• Strong understanding of financial reporting standards.
• Experience with auditing processes and compliance.

Responsibilities

• Manage financial reports and budgets.
• Coordinate with SSC for operational efficiency.
• Lead financial forecasting and cash flow processes.
• Oversee compliance with finance policies and procedures.

Skills

Financial analysis

Budgeting

Team leadership

Stakeholder management

Internal controls

Education

Degree in Finance or Accounting

Tools

SAP

Property Management System

Sales & Catering System

Point of Sale System

Job description

Coordinates the preparation and submission of accurate month end financial reports, including Profit & Loss Account, Balance Sheet and financial analysis, in compliance with PPHG's finance procedures and in line with PPHG reporting timetable.

Reviews monthly general journals and balance sheet reconciliations and ensure that these are appropriately supported and in accordance with PPHG finance procedures.

Performs monthly Profit & Loss review meetings with department heads and follow up any agreed corrective actions for variances noted.

Hotel AR, Credit, AP, Payroll, and Purchasing are managed by Singapore Shared Service Center (SSC). The key player in coordinating with SSC to drive efficiency.

Works closely with SSC for Monitors Accounts Receivable collection status. Ensures credit meetings are conducted monthly and follow up on agreed corrective actions.

Works closely with SSC in Hotel AP, Payroll, and Purchasing process and ensure a regular meeting with SSC team to improve the finance operation efficiency.

Coordinates the preparation of monthly Profit & Loss forecasts and annual budgeting process in line with PPHG and Owner requirements and timetables.

Prepares a monthly cash flow forecast and discusses with Executive Committee any corrective action required.

Monitors business results and provide clear and informed analysis to meet hotel requirements and to support decision-making. Make recommendations for potential revenue and profit enhancements.

Liaises with Department Heads regarding their performance against budget and provides them with information and training as required.

To source tenants, review prospective tenants' concepts, recommend and negotiate lease terms, handle all leasing activities, manage existing leases and tenant relations, and further manage the rental collection.

Based on your understanding of Hotel Properties, shopper, and tenant mix, work closely with PPHG Leasing Director and Owner office on placing suitable tenants.

Support the implementation of Financial Systems in the Hotel, particularly those that impact how the Finance Department works.

Ensure proper use and maintenance of Financial Systems (SAP full suite, Property Management System, Sales & Catering, and Point of Sale), including transaction, account code, security, and backup procedures.

Reviews submitted capital expenditure projects and monitor compliance with approved Capital Budget. Ensure approval requirements set out in PPHG finance policies and procedures and hotel management contract are complied with.

Oversees the maintenance of the Hotel fixed asset register.

Contributes to the senior management group's development of short- and long-term strategies and business plans.

Ensures that the Hotel has a good system of internal control in place and takes timely corrective action on any shortcomings that are highlighted by internal auditors and/or statutory auditors.

Ensures that financial statements are prepared in accordance with the applicable financial reporting standards and PPHG's finance policies.

Ensures the smooth conduct and completion of the annual statutory audit.

Coordinates the preparation of any required tax documentation and compliance relating to business taxes, foreign currency payments, withholding taxes, goods and services tax and income tax and ensure lodgement is completed as per required deadlines.

Manages, maintains, protects and develops the Hotel's information systems.

Ensures hotel insurances are in compliance with the hotel management contract. Liaises with PPHG Corporate department with regards to the renewal of policies and local insurance company and/or brokers in relation to any claims.

Ensures hotel supplier contracts are in compliance with PPHG finance policies and procedures and hotel management contract.

Monitors compliance with hotel management contract terms and conditions.

Monitors the Hotel's compliance with PPHG finance policies and procedures and to implement new policies and procedures where necessary.

Recruit and retain the best associates for the job, especially the senior position of the Finance Department. Make use of succession planning to develop and replace associates effectively. Establish and maintain good Associate relations within the Finance Department.

Aim to maximise efficiency in the Finance Department through automation. We should aim for optimum staffing levels – in many cases, which is not the case now. Recognize that a highly organised Finance Department is often a sign of an efficient department.

Develop the effectiveness of the hotel finance function through the ongoing education and development of the team. Lead and motivate the team to high levels of performance.

Interacts with department and hotel associates professionally and positively to foster good rapport, promote team spirit and ensure effective two-way communication.

Key Responsibilities and Requirements

• How many years' experience do you have as a Finance Director?
• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• Have you worked in a role where you were responsible for yield management?
• How much notice are you required to give your current employer?